TribLIVE

| Home


 
Larger text Larger text Smaller text Smaller text | Order Photo Reprints

Insurer Nationwide, 7 states agree over unclaimed death benefits

Daily Photo Galleries

Friday, Oct. 12, 2012, 11:22 a.m.
 

COLUMBUS, Ohio — Ohio is one of seven states that will share $7.2 million from insurer Nationwide under an agreement over death benefits that go unclaimed.

The Columbus Dispatch reports Nationwide has identified more than 4,700 unclaimed death benefits and paid $144 million to beneficiaries since the start of a joint investigation by the states. It began with allegations that insurers held back payouts despite knowing policyholders had died.

California, Florida, Illinois, New Hampshire, North Dakota and Pennsylvania also are involved. It's not clear exactly how much money each state will get.

The agreement requires Nationwide to take steps that include cross-checking its insurance files with Social Security information.

Nationwide denies wrongdoing. A spokesman says its companies cooperated in the process.

Three other insurance companies previously reached agreement over unclaimed death benefits.

Subscribe today! Click here for our subscription offers.

 

 


Show commenting policy

Most-Read Stories

  1. College basketball notebook: Tennessee close to hiring Barnes
  2. Injuries to Penguins’ Ehrhoff, Letang force defense to pick up slack
  3. Five is enough for Penguins’ defensemen
  4. Reversing the field: Pirates continue to raid Yankees for hidden skill
  5. Steelers’ Tomlin, Pirates’ Hurdle share similar philosophy
  6. Blaze guts South Greensburg home, kills 2 dogs
  7. Ligonier doctor’s appeal to practice rejected
  8. Pa. Game Commission will continue practice of boosting deer population in certain areas
  9. Recent early retirements in NFL could be trend — or simply a coincidence
  10. No injuries reported in Holy Family Manor fire in Ross
  11. NFL coaches weigh in on Polamalu’s legacy